Monthly Archives: March 2010

rebound slightly

February new home sales are expected to rebound slightly to an annual rate of 315,000 from 309,000 in January. The January figure was an all-time record low (the data goes back to 1963) and a far cry from the peak of … Continue reading

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This week is going to be interesting

TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS MONDAY, MARCH 8 None scheduled TUESDAY, MARCH 9 None scheduled WEDNESDAY, MARCH 10 10 am Wholesale inventories Jan. N/A -0.8% 2 pm Federal budget statement Feb. N/A -$194 bln THURSDAY, MARCH 11 … Continue reading

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The economy is still on life support

“The economy is still on life support,” says Harris, who took over as chief North American economist at Merrill Lynch last September from David Rosenberg. “It’s a long way to go before we start thinking things are OK.”

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Concerning Charts

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Just as GDP rises and falls

Just as GDP rises and falls going through the business cycle, so does employment. The following graph shows employment during the past 60 years. http://seekingalpha.com/author/john-lounsbury Continue reading

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They can’t make up there mind!

WASHINGTON (AP) — Sales of new homes plunged to a record low in January, underscoring the formidable challenges facing the housing industry as it tries to recover from the worst slump in decades. The Commerce Department reported Wednesday that new … Continue reading

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New Home Sales Report shows a 9.5 % rise

A leading private report shows sales of newly built homes surged in January, as investors and upgraders returned to the market. The Housing Industry Association’s New Home Sales Report shows a 9.5 percent rise in the number of new homes … Continue reading

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